Increasing into the Center East and North Africa (MENA) stays a pricey and complicated problem for world companies, due to fragmented laws and banking methods. Dubai-based fintech Fuse goals to simplify that with a cross-border funds API and has raised $6.6 million in seed funding to make it occur.
Based in 2023 by George Davis, former co-founder of BVNK, and CTO James Smith, Fuse says it’s the primary infrastructure-grade funds platform providing digital Worldwide Financial institution Account Numbers (IBANs) within the area. It is a product Davis says is commonplace in Europe however practically absent throughout MENA.
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